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157 E Bluejay Drive Chandler, AZ 85286

3 Beds 2 Baths 1,477 sqft Built 2017

$429,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $290.45
  • 1 Days on Market
  • MLS # : 6263556
  • Updated Date : 07/13/2021 at 02:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Desert Canyon Properties

Listing Agent's Description

This cute home is right across from the community pool and park. Has a beautiful kitchen that opens up to the living room. Large kitchen island, granite countertops, gas stove, and built in bbq island grill outside. Only carpet in the bedrooms, tile throughout the rest of the home. Low maintenance yard, perfect time to move into this gem! So much to do in the community. Great school district and minutes from shopping! Water filtering system throughout the entire home, tankless water heater, and two entry ways to the garage!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,490
Property Tax -$250
Property Insurance -$56
HOA -$107
Property Management Fees -$99
CASH FLOW
-$172

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$429,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,284

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8754$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 157 E Bluejay Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 132 W Raven Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2001
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 3612 S Washington Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2013
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
  • 3554 S Jasmine Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
  • 239 E Desert Broom Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2018
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.17
    •  
PROPERTY LISTING DETAILS
Randi M Weiss Harris
Desert Canyon Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263556
Last Updated: 07/13/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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